1 1 100 points 2 03:58:02 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31 of the prior year were inventory, $50,900, total assets. $169.400: common stock. $89,000, and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297,250 Gross profit 158, 350 Operating 99,200 expenses Interest expense 4,300 Income before 54,850 taxes Income tax 22,096 expense Net income $ 32,754 eBook Print Reference $ 18,500 4,600 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 8,400 Accrued wages payable Accounts receivable, net 32,000 Income taxes payable Merchandise 30,150 Long-term note payable, inventory secured by mortgage on plant assets Prepaid expenses 2,600 Common stock Plant assets, net 150 300 Retained earnings Total assets $241,450 Total liabilities and equity 4,500 68,400 89,000 56,450 $241,450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days' sales In Inventory. (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. 1 and 2 Req3 Reg 4 Req5 Req 6 Reg 7 Req8 Req9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Choose Numerator: Choose Denominator Return On Common Stockholders' Equity 1 Return on common stockholders' equity = % 1 100 points 03:57:58 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory, $50,900, total assets. $169.400: common stock, $89,000, and retained earnings. $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297,250 Gross profit 158, 358 Operating 99,200 expenses Interest expense 4,300 Income before taxes 54,850 Income tax 22,096 expense Net income $ 32,754 eBook Print Reference $ 18,500 4,600 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 8,480 Accrued wages payable Accounts receivable, net 32,000 Income taxes payable Merchandise 30,150 Long-term note payable, inventory secured by mortgage on plant assets Prepaid expenses 2,600 Common stock Plant assets, net 150, 300 Retained earnings Total assets $241,450 Total liabilities and equity 4,500 68,400 89,000 56,450 $241,450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days sales In Inventory. (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio. (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Req5 Reg 6 Req7 Req8 Req9 Req 10 Reg 11 Compute the inventory turnover. Inventory Turnover Choose Numerator: Choose Inventory Denominator: Turnover = Inventory turnover times Req3 Reg 5 > = 1 1 100 points 03:57:57 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory. $50,900: total assets. $169.400: common stock $89,000, and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297, 250 Gross profit 158, 350 Operating expenses 99, 200 Interest expense 4,300 Income before taxes 54,850 Income tax expense 22,096 Net income $ 32,754 eBook Print Reference $ 18,500 4,600 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 8,480 Accrued wages payable Accounts receivable, net 32,600 Income taxes payable Merchandise 30,150 Long-term note payable, inventory secured by mortgage on plant assets Prepaid expenses 2,600 Common stock Plant assets, net 150,300 Retained earnings Total assets Total liabilities and $241, 450 equity 4,500 68,400 89,000 56,450 $241,450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days' sales In Inventory. (6) debt-to-equity ratio, (7) times interest earned (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Req5 Reg 6 Req7 Req8 Req9 Req 10 Reg 11 Compute the days' sales in inventory. (5) Days' Sales in Inventory Choose Numerator: Choose x Days Days' Sales in Denominator: Inventory Days' sales in inventory 1 days 1. 100 points 03:57:55 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory, $50,900, total assets. $169,400, common stock, $89,000; and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods 297,250 sold Gross profit 158,350 Operating 99, 200 expenses Interest expense 4,300 Income before 54,850 taxes Income tax 22,096 expense Net income $ 32,754 eBook Print Reference $ 18,500 4,600 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 8,480 Accrued wages payable 32,600 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 150, 300 Retained earnings $241,450 Total liabilities and equity 4,500 68,400 89,000 56,450 $241,450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. 3) days' sales uncollected. (4) Inventory turnover, (5) days sales In Inventory. (6) debt-to-equity ratio (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 Req3 Re4 Req 5 Req 6 Req 7 and 2 Reg 8 Req9 Req 10 Reg 11 Compute the debt-to-equity ratio. (6) Debt-to-Equity Ratio Choose Numerator: 1 Choose Debt-to-Equity Denominator: Ratio Debt-to-equity ratio to 1 1 1 100 points 03:57:53 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31 of the prior year were inventory. $50,900: total assets, $169.400: common stock $89,000, and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297,250 Gross profit 158,350 Operating expenses 99,200 Interest expense 4,300 Income before 54,850 taxes Income tax 22,096 expense Net income $ 32,754 eBook Print Reference $ 18,500 4,600 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 8,480 Accrued wages payable Accounts receivable, net 32,600 Income taxes payable Merchandise 30,150 Long-term note payable, inventory secured by mortgage on plant assets Prepaid expenses 2,600 Common stock Plant assets, net 150,300 Retained earnings Total assets $241,450 Total liabilities and equity 4,500 68,400 89,000 56,450 $241, 450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days sales In Inventory. (6) debt-to-equity ratio (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req1 Reg 3 and 2 Req 4 Req5 Reg 6 Reg 7 Req8 Reg 9 Req 10 Req 11 Compute the times interest earned. (7) Times Interest Earned Choose Numerator: Choose Times Interest Denominator: Earned 1 Times interest earned 1 times + ( Req 6 Req8 > 1 100 points 3 03:57:51 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory $50,900, total assets. $169,400: common stock $89,000, and retained earnings. $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods 297,250 sold Gross profit 158, 350 Operating 99,200 expenses Interest expense 4,300 Income before 54,850 taxes Income tax 22,096 expense Net income $ 32,754 eBook Print Reference $ 18,500 4,600 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 8,480 Accrued wages payable Accounts receivable, net 32,600 Income taxes payable Merchandise 30,150 Long-term note payable, inventory secured by mortgage on plant assets Prepaid expenses 2,600 Common stock Plant assets, net 150, 300 Retained earnings Total assets $241, 450 Total liabilities and equity 4,500 68,400 89,000 56,450 $241, 450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days' sales In Inventory. (6) debt-to-equity ratio (7) times interest earned (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Re4 Reg 5 Reg 6 Req 7 Req8 Req 9 Req 10 Reg 11 Compute the profit margin ratio. (8) Profit Margin Ratio Choose Numerator: 1 Choose Denominator: = Profit margin ratio / Profit margin ratio 1 % = 1 100 points 2 03:57:50 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31 of the prior year were inventory. $50,900: total assets, $169.400: common stock $89,000; and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297,250 Gross profit 158, 350 Operating 99,200 expenses Interest expense 4,300 Income before taxes 54,850 Income tax expense 22,096 Net income $ 32,754 eBook Print Reference Assets Cash Short-term investments Accounts receivable, Merchandise inventory Prepaid expenses Plant assets, net Total assets net CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 8,480 Accrued wages payable 32,000 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 150, 300 Retained earnings $241, 450 Total liabilities and equity $ 18,500 4,600 4,500 68,400 89,000 56,450 $241,450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) Inventory turnover, (5) days' sales In Inventory. (6) debt-to-equity ratio, (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 10 Reg 11 Reg 1 Req3 Reg 4 Req 5 Req6 Reg7 Reg 8 Reg 9 and 2 Compute the total asset turnover. (9) Total Asset Turnover Choose Choose Numerator: Total Asset Denominator: Turnover Total asset 1 turnover times 1 100 points 03:57:48 Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31 of the prior year were inventory. $50,900: total assets, $169.400: common stock $89,000, and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297,250 Gross profit 158,350 Operating expenses 99,200 Interest expense 4,300 Income before 54,850 taxes Income tax 22,096 expense Net income $ 32,754 eBook Print Reference $ 18,500 4,600 CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable Short-term investments 8,480 Accrued wages payable Accounts receivable, net 32,600 Income taxes payable Merchandise 30,150 Long-term note payable, inventory secured by mortgage on plant assets Prepaid expenses 2,600 Common stock Plant assets, net 150,300 Retained earnings Total assets $241,450 Total liabilities and equity 4,500 68,400 89,000 56,450 $241, 450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days sales In Inventory. (6) debt-to-equity ratio (7) times interest earned. (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round Intermediate calculations.) 2 Complete this question by entering your answers in the tabs below. ReqReg3 Reg4 Req5 Req6 Reg 7 Req8 Req 9 Req 10 Reg 11 Compute the return on total assets. (10) Return on Total Assets Choose Numerator: 1 Choose Return on Total Denominator: Assets Return on total assets 1 / % 1 100 points 3 03:57:47) Skipped Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31 of the prior year were inventory. $50,900: total assets. $169,400, common stock $89,000, and retained earnings, $23,696.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $455,600 Cost of goods sold 297, 250 Gross profit 158, 350 Operating 99,200 expenses Interest expense 4,300 Income before taxes 54,850 Income tax 22,096 expense Net income $ 32,754 eBook Print Reference Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 Liabilities and Equity $ 18,000 Accounts payable 8,480 Accrued wages payable 32,000 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,600 Common stock 150 300 Retained earnings $241,450 Total liabilities and equity $ 18,500 4,600 4,500 68,400 89,000 56,450 $241,450 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected. (4) Inventory turnover, (5) days' sales In Inventory. (6) debt-to-equity ratio (7) times interest earned (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round Intermediate calculations.) Complete this question by entering your answers in the tabs below. and 2 Reg 1 Req3 Reg4 Req5 Req6 Reg7 Req8 Reg 9 Req 10 Req 11 Compute the return on common stockholders' equity. (11) Return on Common Stockholders' Equity Return On Common Choose Numerator: Choose Denominator Stockholders' Equity Return on common stockholders 1 equity 1 %